The Securities and Exchange Commission has received a flood of suggestions, complaints, praise, and other comments for its sweeping plans to revamp corporate proxy disclosures.
The comment period for its proposals ended last week, and the 137-page proposing release drew scores of responses to the many questions the Commission had asked. Not surprisingly, responses varied as widely as the questions themselves.
The proposing release covers a wide swath of issues, mostly dwelling on greater disclosure of risks, executive compensation, or risks stemming from executive compensation. The proposals also call for more disclosure of director nominees’ experience; disclosure of whether companies separate ...